How do I trade crypto I don't hold in multi-currency margin mode?

Under the multi-currency margin mode, if you enable auto borrow, you can automatically borrow the required currency for spot and futures transactions without holding the corresponding asset.

For example: I want to open a BSVUSD crypto-margined perpetual futures, but there is no BSV in my trading account.

Enable auto borrow, and you can open a position even if there is no BSV in your account. After opening a position, potential borrowing may occur. Other assets in your account will be converted to USD as margin.

When borrowing cyrpto in multi-currency margin mode, unrealized PnL generated by the futures will enjoy an interest-free quota. Any liabilities caused by unrealized PnL within this quota will not accrue interest.

Note:

1. Enable auto borrow, so you can borrow crypto for spot and futures transactions even without hold the corresponding crypto.

2. In the multi-currency margin mode, when a loss occurs, meaning the unrealized profit and loss results in a loss that exceeds the interest-free limit, interest will start to be calculated. Interest is calculated at every hour on the hour and charged once per hour.

2. For the interest-free limits and interest calculation rules of each currency, please refer to: Introduction to Leverage Interest Calculation Rules.